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In three years, when he is discharged from the Air Force, Steve wants to buy an $25,000 power boat. Required: What lump-sum amount must Steve

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In three years, when he is discharged from the Air Force, Steve wants to buy an $25,000 power boat. Required: What lump-sum amount must Steve invest now to have the $25,000 at the end of three years if he can invest money at

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